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  Sep 08, 2010
 
 
    
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[Archived Catalog]

Graduate Financial Information


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Tuition

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  1. For Degree Status full-time or part-time students: $500 per credit hour.
     
  2. For Non-Degree status students taking courses for credit: $500 per credit hour

Students will normally take 9 credits per semester equaling $4500 per semester

Technology Fee:
  $150 per semester

All fees are due 10 days before the class start date.

Tuition and fees are subject to change at any time by action of the Board of Trustees of Bethune-Cookman University. A student should obtain a current schedule of fees from the Student Accounts Office.

Refund Policy

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Withdrawals from courses after the drop/add period may be subject to full fee refunds for the following reasons:

  1. Student’s involuntary call to active military duty.
     
  2. Death of the student or member of his/her immediate family (parent, spouse, child, sibling).
  1. Illness of the student of such severity or duration, as confirmed by a physician, that completion of the semester is precluded.
  1. Cancellation of the course(s) by the University.
  1. Exceptional circumstances, upon approval of the University president or his/her designee.

Refunds will be calculated as follows:

  1. 100 percent of tuition charges if the student withdraws on or before the first day of classes.
  1. Up to 90 percent of tuition charges if the student withdraws within two weeks after the first day of classes.
  1. Up to 50 percent of tuition charges if the student withdraws the third or fourth week of classes.
  1. Up to 25 percent of tuition charges if the student withdraws between the fourth week and the end of the eighth week of classes.

First-time students are eligible to receive a pro-rata refund if they withdraw on or before the 10th week of classes. Refunds will be processed if written notice of withdrawal of enrollment from the University is received from the student and approved prior to the end of the eighth week of classes for full semesters, or a proportionately shorter period of time for the summer term(s). Such written notice by mail or in person must be received by the Student Accounts Office prior to the end of the eighth week of classes or by an announced date for the summer session. There will be no refund of institutional paid or waived charges; or late registration and late payment fees.

Refunds must be requested at the Student Accounts Office. Proper documentation must be presented when a refund is requested. A waiting period for processing may be required. Refunds will be applied against any University debts. Once it has been determined through the University’s refund policy that a student is eligible for a refund and the student is a recipient of Title IV financial aid, the refund priority policy applies in this order:

  1. Federal SLS Loan
  1. Unsubsidized Federal Stafford Loan
     
  2. Subsidized Federal Stafford Loan
  1. Federal PLUS Loan
  1. Unsubsidized Federal Direct Stafford Loan
  1. Subsidized Federal Direct Stafford Loan
  1. Federal Direct PLUS Loan
  1. Federal Perkins Loan
  1. Other Federal, State, Private, or Institutional Aid
  1. The Student

When a student is required to withdraw for disciplinary action, he forfeits his legal rights and privileges as a member of the University family, as well as fees paid toward assessed charges. There will be no reimbursement of tuition, fees, charges, or any other payments made to the University in the event the operation of the University is suspended at any time as a result of any act of God, strike, riot, disruption, or for any other reason beyond the control of the University.

Scholarships

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Scholarship awards are available for qualified candidates. Criteria for scholarships are available from the School of Graduate and Professional Studies and the Office of Financial Aid.

Scholarship recipients are required to be in good standing and make satisfactory academic progress to continue to receive a scholarship award. To be considered in good standing, fellowship recipients are required to maintain the standards listed below.

  • Students must be fully accepted into a graduate degree program.
     
  • Students must be enrolled as full-time graduate students.
     
  • Students must maintain a graduate status GPA of 3.5 each term of the award.
     
  • Students cannot receive a grade of incomplete (“I”) and continue to receive the award.

Failure to meet any one of these standards will cause cancellation of the fellowship. The School of Graduate and Professional Studies may grant rare exceptions to this policy after review of evidence of mitigating circumstances presented by the student and the graduate program.

Loan Programs

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To apply for the following programs, a student must complete the Free Application for Federal Student Aid (FAFSA). This form can be obtained from the Financial Aid Office.

Federal Direct/Stafford Unsubsidized Loan

The Higher Education Amendments of 1992 created a new program offering “unsubsidized” Federal Direct/Stafford Loans to students who do not qualify in whole or in part for “subsidized” Federal Direct/Stafford Loans. A Federal Direct/Stafford Unsubsidized Loan is a low interest loan made to students by the federal government “directly” or by a private lender (bank, credit union, etc.). Under this program, the student borrower (and not the federal government) pays the interest that accrues on the loan while the student is in school. Eligibility for a Federal Direct/Stafford Unsubsidized Loan is determined by the Financial Aid Office using a federally mandated formula.

The interest rate for Federal Direct/Stafford Unsubsidized Loans varies annually (a new rate is effective each July 1), and the rate is based on the 91-Day U.S. Treasury Bill rate plus 3.10 percent, not to exceed 8.25 percent. Federal Direct/Stafford U nsubsidized Loans are disbursed in two installments: one in the fall semester and one in the spring semester, after enrollment for each semester. When the loan is disbursed, a federally required origination fee of 3 percent (which is used to offset administrative costs of the program) is deducted from the loan by the government or bank, along with a nonrefundable insurance fee of up to 1 percent of the principal amount of the loan.

Basis on Which Aid Is Granted

Based on the information provided to the appropriate processor by the student and parents, the processor will analyze the family’s financial situation and transmit that information to the Financial Aid Office, enabling it to determine the student’s financial need. Financial aid depends on the amount of federal, state, and institutional funds available at Bethune-Cookman University. To be awarded financial aid, an applicant must (1) show financial need, (2) be accepted or enrolled as a full-time student in an eligible program, (3) be a U.S. citizen or permanent resident, (4) be capable of maintaining a satisfactory academic standing and normal progress toward a degree, (5) be registered with the Selective Service if required to do so, and (6) have not defaulted on any previous aid.

Evaluation and Awarding Process

Personnel of the Student Financial Aid Office will determine the student’s allowable educational expenses and the expected family resources. The difference between the two is the demonstrated need. Bethune-Cookman University will try to provide financial aid for all or a portion of the demonstrated need in the form of an award package consisting of loans, grants, scholarships, and/or part-time employment. Selection of students, as well as the types of aid awarded, depends on one or a combination of the following: the demonstrated financial need, the student’s class level, academic promise, available funds, and the date a student’s forms are received by the awarding agencies and the Financial Aid Office.

Award Period

Awards are generally granted for an academic year of two semesters, fall and spring. The summer session comes after the regular academic year. Aid for the summer session is applied for separately by those who expect to enroll for at least six hours. Awards are made as funds permit. Students who attend the full academic year may be able to receive assistance from the Federal Direct Stafford Loan or Parent PLUS Loan for the summer session.

Satisfactory Performance Standards

If you receive Federal Title IV student financial assistance, you must demonstrate satisfactory academic progress. Federal Title IV funding includes: Federal Stafford/Direct Student Loans, Federal PLUS Loans (Parent’s Loan), Federal Work-Study Program, Federal Perkins Loans, Federal Supplemental Educational Opportunity Grants (SEOG), Federal Pell Grants, and State Grants. Satisfactory academic progress is defined as meeting or exceeding the minimal yearly semester hours necessary for the timely completion of the program of study which you are pursuing. If you do not achieve satisfactory academic progress, you will be notified. An information sheet outlining the satisfactory academic progress standards is available from the Financial Aid Office. Students who have previously attended other colleges and post-secondary institutions must submit financial aid transcripts from those schools to the Financial Aid Office.

Eligible Non-Citizens

Eligible non-citizens or U.S. permanent residents must provide copies of their Alien Registration ID cards to the Financial Aid Office.

Withdrawals

Financial Aid is to be used first for direct educational costs-tuition and fees, and room and board if the student is in University housing. Students on financial aid who withdraw from the University and are due a refund of their fees will therefore not receive fee refunds until funds representing financial aid awards have been applied to the respective accounts. Normally the fee refunds are returned to the financial aid programs on a prorated basis and according to the components of a financial aid package.

Transferability of Financial Aid Awards

Awards such as the Federal Supplemental Grant (SEOG), Federal College Work Study (CWSP), Perkins Loan, and others cannot be transferred from one college to another. A separate application must be made to each college. Federal Pell Grant and Florida Student Assistance Grant (FSAG) awards are transferable, but the amount of the award may be different.

International Students

The federal and state financial aid programs are for United States citizens or for permanent residents of the United States. International students are not eligible for federal and state aid. They may, however, qualify for college scholarships and may participate in the College Work Aid (CWA) Program. International students are warned that in many instances these programs provide only enough financial aid to cover some of the college expenses. The burden of financial responsibility will be on the student and his family to pay the costs of attending college.